Yes...and depending on many things, like what else they owe to who, and what this judgment is for, will determine if and how much you get paid.
The court certainly tries to protect and get all assets, that includes any money owed the bankrupt, to disburse to creditors.
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INTEREST =op
Monetary policy
Sure...under either scenario...if you did it personally or as a business...the interest RECEIVED is income.
Possibly. It depends on the terms of the loan and the type of bankruptcy he files. You should meet with a lawyer to find out what, if anything, can be done to protect the loan. You may need to get a judgment and attach to property.
If you plan on getting the full amount back that you loaned out.. Yes it has to be in writing
They owned a merchant business, rented properties and loaned money all for profit
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In short the interest rate is the amount in percentage charged on your capital amount of your mortgage to you pay in addition to the actual amount loaned for the purchase of your house.
3% apex answer
Foreclosure is the legal process whereby a mortgage company takes your home back from you and sells it to recoup the money they loaned to you. if you intend not to foreclose it better file bankruptcy from the experts